This webinar focuses on the retention requirements of payroll records at the federal level for the major laws including the Fair Labor Standards Act, the Internal Revenue Code, and Child Support Enforcement. We will discuss how long records must be kept and in what format. We will review the records needed when a merger or acquisition has taken place and whether or Sarbanes-Oxley is still relevant when it comes to record keeping. We will also review how to keep the data secure to ensure that what is retained is safe and intact when and if it is ever requested.
AREAS COVERED IN THE WEBINAR:
The importance of record keeping in a payroll department
Regulatory agencies with payroll record keeping requirements including:
Department of Labor
Details of exactly what data needs to be saved and in what format can it be kept
Does Sarbanes-Oxley still matter for record keeping?
Mergers, acquisitions and how it affects payroll record keeping